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Carrying Values and Estimated Fair Values of Assets and Liabilities (Detail) (USD $) In Thousands, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013
--- | --- | ---
Assets |  |  |  |
Trading securities | $ 173,281 |  | $ 124,555 |
Available-for-sale securities | 1,671,786 |  | 1,558,306 |
MSRs | 71,225 |  | 64,824 |
Derivative assets | 7,514 |  | 7,787 |
Liabilities |  |  |  |
Derivative liabilities | 39,837 |  | 18,167 |
Long/Other Long-term debt | 66,692 |  | 0 |
Carrying Value |  |  |  |
Assets |  |  |  |
Trading securities | 173,281 |  | 124,555 |
Available-for-sale securities | 1,671,786 |  | 1,558,306 |
MSRs | 71,225 |  | 64,824 |
Cash and cash equivalents | 157,079 |  | 173,201 |
Restricted cash | 393 |  | 398 |
Accrued interest receivable | 15,109 |  | 13,475 |
Derivative assets | 7,514 |  | 7,787 |
REO | 3,323 | [1] | 3,661 | [1]
Margin receivable | 58,455 | [1] | 31,149 | [1]
Other collateral posted | 5,000 | [1] | 5,000 | [1]
Liabilities |  |  |  |
Short-term debt | 1,718,430 |  | 862,763 |
Accrued interest payable | 7,154 |  | 6,366 |
Derivative liabilities | 39,837 |  | 18,167 |
ABS issued | 1,768,078 |  | 1,942,962 |
Commercial long-term debt | 52,916 |  | 49,467 |
Convertible notes | 287,500 |  | 287,500 |
Long/Other Long-term debt | 139,500 |  | 139,500 |
Carrying Value | Residential Loans at Fair Value |  |  |  |
Assets |  |  |  |
Loans, held-for-sale | 1,106,239 |  | 402,602 |
Carrying Value | Residential Loans at Lower of Cost or Fair Value |  |  |  |
Assets |  |  |  |
Loans, held-for-sale | 1,638 |  | 1,665 |
Carrying Value | Residential Loans Held for Investment |  |  |  |
Assets |  |  |  |
Loans, held-for-investment | 1,616,504 |  | 1,762,167 |
Carrying Value | Commercial Loans at Fair Value |  |  |  |
Assets |  |  |  |
Loans, held-for-sale | 50,848 |  | 89,111 |
Carrying Value | Commercial Loans Held For Investment |  |  |  |
Assets |  |  |  |
Loans, held-for-investment | 71,270 |  |  |
Carrying Value | Commercial Loans Held-for-Investment, at Amortized Cost |  |  |  |
Assets |  |  |  |
Loans, held-for-investment | 346,648 |  | 343,344 |
Carrying Value | Commercial Secured Borrowings |  |  |  |
Liabilities |  |  |  |
Long/Other Long-term debt | 66,692 |  |  |
Fair Value |  |  |  |
Assets |  |  |  |
Trading securities | 173,281 |  | 124,555 |
Available-for-sale securities | 1,671,786 |  | 1,558,306 |
MSRs | 71,225 |  | 64,824 |
Cash and cash equivalents | 157,079 |  | 173,201 |
Restricted cash | 393 |  | 398 |
Accrued interest receivable | 15,109 |  | 13,475 |
Derivative assets | 7,514 |  | 7,787 |
REO | 3,767 | [1] | 4,084 | [1]
Margin receivable | 58,455 | [1] | 31,149 | [1]
Other collateral posted | 5,000 | [1] | 5,000 | [1]
Liabilities |  |  |  |
Short-term debt | 1,718,430 |  | 862,763 |
Accrued interest payable | 7,154 |  | 6,366 |
Derivative liabilities | 39,837 |  | 18,167 |
ABS issued | 1,656,135 |  | 1,746,906 |
Commercial long-term debt | 52,916 |  | 49,467 |
Convertible notes | 296,700 |  | 299,719 |
Long/Other Long-term debt | 110,903 |  | 111,600 |
Fair Value | Residential Loans at Fair Value |  |  |  |
Assets |  |  |  |
Loans, held-for-sale | 1,106,239 |  | 402,602 |
Fair Value | Residential Loans at Lower of Cost or Fair Value |  |  |  |
Assets |  |  |  |
Loans, held-for-sale | 1,788 |  | 1,817 |
Fair Value | Residential Loans Held for Investment |  |  |  |
Assets |  |  |  |
Loans, held-for-investment | 1,508,571 |  | 1,610,024 |
Fair Value | Commercial Loans at Fair Value |  |  |  |
Assets |  |  |  |
Loans, held-for-sale | 50,848 |  | 89,111 |
Fair Value | Commercial Loans Held For Investment |  |  |  |
Assets |  |  |  |
Loans, held-for-investment | 71,270 |  |  |
Fair Value | Commercial Loans Held-for-Investment, at Amortized Cost |  |  |  |
Assets |  |  |  |
Loans, held-for-investment | 353,004 |  | 348,305 |
Fair Value | Commercial Secured Borrowings |  |  |  |
Liabilities |  |  |  |
Long/Other Long-term debt | $ 66,692 |  |  |
[1] | These assets are included in Other Assets on our consolidated balance sheets.

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